Jay-Z versus Lil Wayne is as an exciting match-up that you can get these days in rap, but the lyrical jabs being thrown back and forth doesn’t seem to have Hov too concerned. "That's sport, that's rap music," Jay told MTV News at a fundraiser for his Shawn Carter Foundation. "Nothing is going to change. Only thing that changes is the participants."

In the past Jigga has gone to war lyrically with Nas, Jim Jones and has had subliminal back and forths with the likes of Ma$e and Beanie Sigel. Rap battles are nothing new. After Birdman took exception with Jay topping MTV’s Hottest MCs list in 2009, he pointed to the fact that his artist and “son” Wayne was the better rapper and made the most money. With that Hov responded on “H.A.M.” with the line: "I'm like, 'Really, half-a-billi?' N---a, really, you got Baby money/ Keep it real with n---as, n---as ain't got my lady money."

In a upcoming Vibe magazine interview Weezy said he didn’t expect any repercussions from Jigga for his verbal shot. "Every man should know the repercussions and consequences behind whatever they do before they do it. And of course, I know there won't be any repercussions behind what I did."

Only time will tell if the low-key competition will grow into a full-on battle, but for now Jay and Wayne are both downplaying things.

What do you think of Jay-Z and Lil Wayne’s rap feud? Tell us in the comments